Credit Qualification for a Mortgage
Credit is one part of mortgage qualification. Income, assets, debts, property details, occupancy and the loan program can also affect the options available to a borrower.
Review My Credit & Financing OptionsWhat mortgage credit review considers
A mortgage credit review may consider payment history, outstanding obligations, recent credit activity and the overall credit profile. The importance of each factor depends on the loan program and the complete application.
A credit score alone does not determine whether a borrower qualifies. Program guidelines and underwriting requirements vary, so the useful question is how the complete financial profile fits the available mortgage options.
Concerned about your credit?
Start with a review of your actual situation rather than assuming a particular score automatically qualifies or disqualifies you. We can discuss which mortgage categories may be worth evaluating and what information is needed next. If your history includes a bankruptcy, foreclosure, short sale, deed-in-lieu, or other major credit event, review our mortgage options after credit events.
Explore Low Credit Options